2 bedroom apartment for sale
Meteor Way, Wallington, SM6 9JQ
Share percentage 75%, full price £300,000, £11,250 Min Deposit.
Share percentage 75%, full price £300,000, £11,250 Min Deposit.
Monthly Cost: £1,787
Rent £306,
Service charge £199,
Mortgage £1,282*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Wallington, Greater London
Description
This modern and spacious two-bedroom apartment is now available in Wallington through Shared Ownership.
The property on the first floor comprises an entrance hall, a spacious living room with a dining area, an open-plan kitchen, two bedrooms (one en-suite), and a bathroom. Outside, there are communal grounds and allocated parking. Perfect for couples and small families.
Available for £225,000 for 75% share based on the marketing figure of £300,000.
Monthly rent - £306.25
Monthly Service Charge - £199.40
Total Monthly Charge - £505.65 plus mortgage required for 75% share.
An annual rent increase takes place every April
LocationThe property is close to local amenities including shops, schools, parks, playing fields, a gym, and a co-op which is only a 3 minute walk away. Wallington station and Purley station are only a 5 minute drive offering quick connections to Croydon town center.
EPC ratingEnergy rating band - C
Environmental impact band - B
Years remaining on lease: 106
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two bedroom apartment
- En-suite bedroom
- Allocated parking
- Good travel links
- Available for 75% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 75%, full price £300,000, £11,250 Min Deposit. Calculated using a representative rate of 5.26%